This survey explores the important connection between institutions and entrepreneurship. Institutions consist of the formal and informal "rules of the game." Entrepreneurs act within a context determined by these rules. The rules of the game create payoffs that make certain entrepreneurial...

The debate over immigration has been a central part of America’s political, social, and economic history. Concerns over the impact of immigration on American identity can be traced back to the Founding Fathers. Thomas Jefferson worried that immigrants from monarchies would fail to support a...

Institutional bottlenecks refer to path-dependent institutional arrangements which contribute to economic stagnation. In his research, Timur Kuran identifies several historical institutional bottlenecks which contributed to economic decline and underdevelopment of the Middle East. We use Kuran's...